In this episode of the Forever Cash Podcast, Michelle Bosch speaks with sales expert and business coach Ryann Dowdy about how to leverage the power of social media as a sales platform for your land business.
In this episode:
👉 What it takes to master sales in your land business
👉 The secrets to social selling
👉 Building your Sales Team
If you are ready to take your land investing business to the next level, join us for a 3-Day Virtual Land Flipping LIVE Bootcamp, starting on June 25 – 28.
🙌 Book your ticket at www.landflippinglive.com.
Meet Ryann Dowdy
Before starting her own business, Ryann spent 15 years in the corporate world, building multi-million dollar sales organizations for start-ups in the marketing space. From sales rep and an individual contributor to Director of Sales – Ryann has mentored, managed, and trained thousands of sales reps during her career.
Ryann has teamed up with sales mastermind and founder of The Live Launch Method, Kelly Roach, to establish the Social Selling Academy. The power team has created a learning space for CEOs and their teams to learn the most cutting-edge sales methods that leverage the power of social media to generate leads, foster relationships, and ultimately close deals.
How to use social media to master sales in your land business
According to Ryann, social media platforms can be used as a business tool to generate sales in your land business if used correctly.
She points out that the traditional sales methods relied on developing relationships, and social media provides the same opportunity but on a much larger scale.
“When I started in sales right out of college, I used to spend a lot of time cold calling people, traveling around to people’s offices, and pushing open doors. I was only ever able to reach a few hundred potential clients in this way. Now, with social media, I can virtually knock on the door of billions of people – literally BILLIONS.”
The rapid growth of social media platforms means use direct messages and start the kinds of conversations that foster relationships that can and ultimately can result in sales.
Building your ideal sales team
When you start your land investing business, you are your own sales team. However, as you enter the scaling and automation phase of your business development, you will need to consider bringing on somebody to assist in sales.
Ryann provides these key pointers when you start to build your sales team:
How do you know if probate is necessary when buying a property?
In this week’s episode of the Forever Cash Podcast, I opened the floor to our Land Profit Generator Community for a Q&A Session. Priscilla Pastorp asked about probate on a deal she is working on, which opened some interesting questions.
Priscilla posted the following question to the Land Profit Generator Group:
“Talked to a very motivated seller who wants to sell like yesterday as he and his wife are in their early 90’s. His wife’s brother gave her the property, and she has just has just been paying the taxes for the last 20 plus years. However, she is now in long-term rehab, and the husband has POA for her. The property owner (her brother) is deceased as of 9 years ago (he was living in Germany at the time of his death). He’s never been married and doesn’t have children. Does the property still have to go through probate? How do I handle this?”
Priscilla Pastorp
Priscilla’s question raises a few technical processes that you should understand as a successful land investor.
Probate is the general administration of a deceased person’s estate.
If the deceased person owned property, administrators would include the property in the probate process. The estate will be wrapped up by an appointed administrator. During this process, all liabilities will be settled, and assets distributed to beneficiaries, including the title deeds of any property.
To answer this question, you need to establish a few critical facts about the ownership of the property:
In Priscilla’s example, the sister may have been declared the property owner after probate was completed on her brother’s estate. If this is the case, she has the right to sell the property without any further complications. Her husband has Power of Attorney, and therefore he can sell the property on her behalf.
If the property was registered as a land trust, and the sister is a trustee of that trust, then there will be no probate as the ownership has not changed.
If these conditions are not met, one would have to go through probate before buying or selling the property.
There are a number of ways that you as a land investor can assist the seller to get a property through probate. Listen to episode 190 of the Forever Cash Podcast to learn more.
If you are interested in becoming a successful land investor, register for my upcoming 3-Day Virtual Land Flipping Bootcamp starting on June 25th – 27th
https://www.landprofitgenerator.com/offers/_live-event/tickets.php?r
On today’s episode of the Forever Cash Life Real Estate Podcast, we’re going to talk about how to deal with difficult title companies.
I’m going to share a recent experience of mine with a really terrible title company. Let’s just say I’ve never seen anything this bad in the 19 years I’ve been flipping land. I’ll share some valuable advice, in case you find yourself in a similar situation.
What Title Companies Are Facing Right Now
The current situation in the U.S. has title companies swamped with deals from everywhere. It’s like 2005-2007 again, and title companies are overwhelmed. I get this. It’s like a perfect storm.
But does this give them an excuse to be incompetent and do terrible business? No. In fact, I’ve dealt with some really great title companies lately. They’re doing their job and doing it well, in the midst of all that’s going on in the market.
What Can Happen When a Title Company Doesn’t Do Its Job
When you’re in the land flipping space, the title company is a very important entity. They can make your land deal go smoothly or do the exact opposite. In the past few weeks, we’ve done five deals and dealt with four different title companies. Two of the title companies were absolutely fantastic, and two absolutely sucked.
For one of the deals with the not-great title company, we sent them the signed contract, and they started doing the title search. A week went by, then two, then four. Seven weeks later, we finally got the preliminary title report.
The property was inherited from a father who had put it in a family trust and made the son and daughter trustees. This isn’t difficult to solve. You just need the estate documents, the trust documents, and their information. A decent title company should be able to get this done in two days. It took this title company another eight weeks.
I followed up every day, and every single time, the woman on the phone said, “These land deals are so complicated.” This agent was 100% unqualified and inept. I literally woke up in the middle of the night with nightmares about this person.
What a Competent Title Company Will Do For You
At the same time I closed another deal. I bought a property for $90k and sold it for $199k. That deal involved multiple LLCs and a family trust. This time the title search took three days, as it should.
At the end of the day, the title company’s job is to:
The title agent for this deal needed more documentation, and I got it all for her. She was thrilled. She sent out closing documents 2 days later, and we closed in 12 days total.
What You Have to Do Yourself If the Title Company Is Incompetent
If you’re unfortunate enough to be stuck with an incompetent title company, you’ll have to jump in and help them do their work. I left a voicemail, then sent multiple follow-up emails every day. They kept dragging their feet. I know the squeaky wheel gets the oil, so I made some noise.
The road on the extra mile is empty. You’ve got to do whatever it takes. We’re 15 weeks into this deal. We’re too far in. It should have been done in 2 weeks. I’m not going to pull it and go to a different title company. So I jumped in. I have a relationship with both the buyer and the seller, so I told the agent I’d be the go-between. I did more work than the title agent to close this deal.
You Can Go the Extra Mile Even with the Good Title Companies
Title searches are taking longer these days, even with competent title companies. They might have 25-50 deals on the docket, and they’re prioritizing the ones that make them the most money. If yours isn’t a million dollar deal, you can move up the list by making noise.
Basically, you commit to being a bother until they give you what you want.
Remind them that, if interest rates go up even a little, refis will stop cold. If you’re dealing with a reasonable title company, they will value your relationship and take a long-term view.
What’s Inside:
Mentioned in this episode:
Schedule your FREE 20-minute Land Profit Generation Coaching consultation NOW.
On today’s episode of the Forever Cash Life Real Estate Podcast, my wife, Michelle Bosch, shares a well-kept secret to getting 6-figure land deals as a real estate investor.
There’s a lot of conversation and hoopla around these bigger deals right now, and with good reason. They’re the fastest, most potent way to turbo-charge your land profits. But there’s a piece that most people miss, and Michelle gives us the inside scoop.
You Need More than Tactics and Strategies to Master the 6-Figure Land Deal
When it comes to 6-figure land deals, yes, there’s an actual blueprint to finding the right area to focus on, the right market, the right offer, the right negotiation, the right way to talk to more sophisticated buyers and sellers. But before all of that, there’s something most investors don’t talk about, a secret important ingredient that will give you the power to go after—and get—those big deals.
That ingredient is confidence.
Confidence is 100% power. It’s about trusting in yourself—or in the experience and expertise of a mentor that you’re going to lean on. This confidence is what will help you go out there and commit to doing a 6-figure land deal.
Commitment, at the end of the day, is a precursor to confidence. If you’ve been watching any of our masterminds, you know Michelle and I are big believers in confidence. And that confidence cannot come if you haven’t committed to doing this new, big thing.
How to Make the Leap from Small Land Deals to Big Land Deals
A lot of people hover in the $10, $15, $20k land deal space for a long time, longer than they need to. It’s not that they don’t have the capabilities to do bigger deals. They just don’t have the confidence.
Bigger deals aren’t a lot of extra work. You roll up your sleeves, put in the effort, use smart strategies to identify properties, market them, sell them, and close those deals. They just require a pivot in focus. You have to be committed and have the courage and confidence to pull it off.
If you find yourself stuck in small deals, there is courage and confidence inside of you that needs to be activated. Michelle and I believe that, when your soul wants to expand and grow, you’ll have people cross your path or you’ll hear an idea that triggers exactly what you need to push through and move forward into a bigger, bolder reality.
Expect Resistance When You Get Ready to Take the Plunge
Any time you embark on a new journey, you can expect your ego to fight you, but this just means you’re so close to an amazing breakthrough. You’re attracted to a growth beyond a bank balance.
Push through the resistance of the ego saying no. Push through those inner voices that say:
Our clients in our coaching program all go through this when they’re activating their confidence. Their ego resists, and they have to power through. This 12-month journey they take with their coach is all about receiving bigger and bigger visions for their business and for their lives. They crave that success, so they’re willing to go through the discomfort of expanding themselves.
They start putting themselves in situations where they can’t back out, where they have no choice but to grow. And it helps to have the support of a community—and a mentor.
A Good Mentor Doesn’t Want to Be Your Hero
When I talk about a mentor, I’m not talking about someone who wants to be a hero to you. I’m talking about someone who will serve as a guide so you can be the hero of your own life and family. The coaches in our Land Profit Generator Coaching program help our clients push the boundaries of what’s possible, help them bring people on board their team that they love working with, and guide them into success.
If you’ve been dipping your toes in the water, afraid to take a leap, and you’ve seen your peers committing, doing the work, mastering the courage, activating their power, and seeing six figure leaps of income, then it’s time for you to do something about it.
Our coaches aren’t going to try to sell you something that’s not a good fit for you. Do a quick self-evaluation.
If you answered yes to all of those questions, you’re a great fit.
Remember, confidence is a key ingredient in a successful land flipping business, especially if you want to grow and scale with 6-figure deals. Sometimes you build that confidence yourself, and sometimes you lean on the confidence of a good mentor to get you started. Regardless, it’s impossible to get to where you want to go without it.
What’s Inside:
Mentioned in this episode:
Schedule your FREE 20-minute Land Profit Generation Coaching consultation NOW.
On today’s Winning Wednesday episode of the Forever Cash Life Real Estate Podcast, I’m sharing a quick training on the difference between blind offers and neutral letters.
We have a lot of discussions in our Land Profit Generator Facebook group about these two very different strategies. “Which one should I go for?” our students ask. The answer is very simple. YES.
What We Mean When We Say “Neutral Letter”
Let me tell you about our proven, tested, Land Profit Coaching neutral letter. Our core copyrighted method goes like this. When you go into this business of land flipping, you pick certain areas in the United States based on:
This data-driven approach gives us valuable information on how this market will likely perform. Then we send a test balloon into the county. We send 500 to 750 neutral letters out, asking people to call us if they have land they’d like to sell. Then we get responses back and, based on those responses, we can tell which areas will get us a lot of deals and make us a lot of money.
What Is Involved in Making a Blind Offer?
As we go through this process, it wouldn’t make any sense to send out a blind offer. A blind offer is where you look at a list of properties, choose one, and make an offer. The seller has never heard from you and has never indicated that they want to sell. You just send them an offer.
To get this offer out, you have to find out the ballpark value of the property. Let’s say you’re going to research 500 properties and send out your offer. These properties aren’t all going to be the same. They’ll each have different:
You might have a property that’s ¼ of an acre but worth $50k. Another property might be 2 acres and $10k. Let’s say it takes 10 minutes to research each property. That’s roughly 80-90 hours. If you’re doing it full-time, it would be two full work weeks. If you’re doing it a couple of hours a day, it’s going to take you two months. This is all before you even send out an offer.
We all know that time is money. A better use of your time would be to send out 700 letters for $400. You don’t even know if those 80 hours will be worth the time and effort.
Following Up Neutral Letters with Blind Offers
So, you’ve sent out our proven, tested neutral letter. Let’s say 5% of the people call you back. Of 600 letters, you’ll get 30 phone calls. Now, you do research on those 30 instead of 600. For about 25 to 40 offers you make, you get one accepted. And, over time, you can improve that.
Once you do some deals in the area, and you become more familiar with what properties are worth, then you can send out blind offers on other properties nearby. You already know what you can sell these properties for, and you already have people lined up looking for properties. At this point, there’s no more need to send out neutral letters. In that particular pocket, you can switch to the blind offer.
So, here’s what you do in the simplest terms:
It’s much less work, much less overhead, and much less time commitment. This is a much simpler and efficient way of doing business. It’s not just a one-trick pony. It’s a skillful, scalable, tested method that works for any size deal.
What’s Inside:
Mentioned in this episode:
Join our next FREE 5-day Land Flipping Masterclass starting on May 10.
On today’s episode of the Forever Cash Life Real Estate Podcast, my wife, Michelle Bosch, shares some valuable principles that will help you scale your business quickly and bring the right people on board.
Whether you’re running a land flipping business, or something else entirely, you’ll find these principles to be timeless and important. Michelle and I have followed them the past 18 years with great success.
You’ll Never Know Freedom Without Hiring a Team
Building a team that’s bigger than you will give you the opportunity to enjoy the four freedoms of money, time, relationships, and purpose. When you’re just starting out, all these things depend on YOU:
But this is unsustainable, and you can’t scale your business If everything depends on you alone. These freedoms will never be yours.
Your Employees Need to Share Your Core Values
In the beginning, when you’re first hiring, you might start small with a VA or independent contractor, someone who can start taking non-critical activities off your hands. Eventually, you want to pivot into thinking about a team where you are all in on them and they are all in on you. Your ROI (return on involvement) is way superior with an employee than with someone who is doing 5-10 hours for you here and there and not fully committed to you and your business.
You’ll want to bring people on board who embody your core values, who become like family, who see opportunities for personal and career development, and who are truly excited about the dynamic growth of the company. You need to be clear on your core values so you can magnetize the right people.
Collapse Time with This Hiring Practice
One thing Michelle and I have found over the years is that we can collapse time by hiring two or three people at a time for one position. When it comes to our sales team, we’ll onboard these people at the same time, train them at the same time, and then let them fight for a spot on our rocketship. When you give two or three people the same resources, one of them is going to rise to the top.
When we do it this way, our new hires have extra motivation to succeed, and we aren’t wasting time training someone who turns out not to be a great fit for our team.
Train Your Employees With a Purpose
You will be tempted to dump all your unwanted tasks onto your new hire and let them figure it out, but you need to think long-term. You need to train them, explain the purpose of each task, show them how each task fits into the context of the business, and the impact it has on the company as a whole.
Don’t just teach them steps and methodology. Give them a sense of purpose. Put in the time and energy at the beginning, and your return on involvement will be exponential.
Utilize Technology to Simplify the Onboarding Process
We have so much access to technology these days. Make the most of it. Record what you do with new employees, so you can use it again in the future with your next hire. You’re not abdicating the whole onboarding process to videos, but they’ll be there for your team to watch, listen to, and reference again and again.
You can actually provide your entire team with a valuable library of resources that will save you so much time and money over the long haul.
Recognize Your Value as CEO
When you start out as a business owner, you can get hit by impostor syndrome and think, “Oh my god, who am I to be demanding an all-in mindset from my employees?” We don’t automatically have that assertiveness and confidence to recognize the incredible value we bring to the marketplace. You need to step into this power and attract the right people who recognize it as well.
You need to understand that you are offering an amazing opportunity to someone. It’s a privilege and an honor to align themselves with a CEO like you, someone with integrity and excellence, who is making people’s dreams come true. There are very few people out there operating at this level, in a way that’s not transactional, but transformational. You are a freaking big deal.
Don’t bring just anybody on board with you. Make sure they embody your core values, and that they’re excited to use the velocity of the growth of your business to meet their personal growth goals as well. Your business, with their help, will spit out the cash flow. And you, as CEO, will be flowing in the freedoms of money, time, relationships, and purpose.
What’s Inside:
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Join our next FREE 5-day Land Flipping Masterclass starting on May 10.
On today’s episode of the Forever Cash Life Real Estate Podcast, we’re going to talk about something that’s super useful to everyone: where to get the money.
Jay Conner and I met in a high-caliber Mastermind group not too long ago, and he’s an expert on private money. I think you’ll find our conversation very valuable.
Why Investors Need Private Money Instead of Just Using Banks
One of the great things about land flipping is that you can do some amazing deals without needing much cash upfront. But sometimes you’ll have a larger land deal where the closing happens fast, and you need a big chunk of cash. This is where private money comes in.
Jay and his wife live in eastern North Carolina, where Jay was raised in the mobile home business. He’s been helping people get a home his whole life. In 2003, he knew he wanted to get into single family housing. From 2003 to 2009, he relied on the local banks and mortgage companies to fund his deals. He really didn’t know any other way.
In 2009, he had two deals under contract to purchase when he found out he had lost his lines of credit. He hung up the phone with his banker and had no idea what to do next. He called a friend who told him about private money, and he learned about it fast. He put his private money program together, educated people about it, and he was able to raise over $2 million dollars in 90 days for his real estate business. And he never looked back.
When Is the Right Time to Ask for Private Money?
Don’t wait until 10 days before you need the private money to get it lined up. Then the other party will have the advantage, the leverage. Jay says to get several people lined up, so they’ll be ready to go when you do need them.
Right now, he and his wife have 45 private lenders (individuals) investing in them and lending them money for deals. They have between 7 and 8 million dollars just rotating between properties. Often, they’ll refer to private money as “relationship money.”
Jay makes his own rules. He sets the interest rates he’s going to pay his lenders. And he’s put together a powerful presentation called, “How to Raise Money for Your Real Estate Deals Without Asking for Money.”
How to Talk to Your Lenders About a Deal
Jay says he learned the hard way never to teach people about his private lending program and talk about a deal he needs funded in the same conversation. You have to separate those two, or you’ll sound desperate. First, teach your program. Tell people you can put their money to work for them in 30 to 60 days. Then they’re sitting there just waiting for you to give them an opportunity.
Let’s say Steve is waiting for Jay’s call. When Jay finds a deal where he can put Steve’s money to work, he calls Steve and says, “Hey, Steve. Great news! I can now put your money to work for you.” He tells Steve four things about the deal. “I’ve got a house under contract here in Newport. It’s worth x amount of money, and I need y amount of money from you. We close next Friday. Wire the money to my agent. Here are the instructions.”
Jay doesn’t ask Steve if he wants to do the deal. Then he’s just planted a seed in Steve’s mind that he shouldn’t do the deal. He just states it matter of factly. It’s all in the positioning and your level of confidence. And of course you’re confident. Of course it’s a good deal. You wouldn’t be doing it if it wasn’t. After the first or second deal, when you’ve built up your track record, people only want to know two things: how much and when do you need it?
Where Do You Find the Individuals to Loan You Private Money?
Starting the conversation is one of the biggest hurdles, but the first hurdle you’ll actually get to is: who do you ask? How do you find these people? There are three categories of lenders:
Make a list of people you’re going to ask. Jay starts with retired folks, or people getting ready to retire. You can try a direct approach with this magic question: Do you have investment capital or retirement funds not paying you a high rate of return safely and securely?
Or you can do an indirect approach, where you ask someone at work, at church, in your social organization, “Hey, do you know of some people who are sitting on a lot of money and would like to invest it in this really great opportunity with a high ROI and very little risk?”
Jay talks about deals he’s done, and often that person is like, “ Wow, how can I get in on that?” And right there you’ve got another lender.
What’s Inside:
Mentioned in this episode:
Join the Land Profit Generator Community Facebook Group.
Join our next FREE 5-day Land Flipping Masterclass starting on May 10.
Get a copy of Jay Conner’s book, Where To Get the Money Now, for FREE (+ shipping).
On today’s episode of the Forever Cash Podcast, I’m going to answer a question that’s on a lot of people’s minds right now: is hyper-inflation something we need to be worried about in the near future?
I don’t have a crystal ball, but I do have an extensive background in economics and finance, and I’m absolutely passionate about it. I’m constantly putting myself in a position to figure out what the market is thinking. So let’s dive in!
What Happens When You Keep Printing Money
A large number of people right now think that hyper-inflation is inevitable. Others are saying, “America is good. We’ll be fine. We’ve always been fine.” But one thing we can all agree on is this: inflation is coming, one way or the other.
Here’s the deal. You can’t expect to constantly print money without inflation happening in the near future. Now, the question is: will it be hyper-inflation or more like the 1970s where we had what we call a “stagflation?” A stagflation is where interest rates go up, prices go up, people don’t have money, and we have stagnation and inflation together.
Let Me Take You Back to Germany
Most of you know I’m an immigrant from Germany. In the 1920s, Germany started World War I, lost WWI, and then Peace Accords were held in Versailles. The other countries forced Germany to pay huge amounts of reparations. We’re talking the equivalent of trillions of dollars in today’s money. As a result, Germany started to sell off everything they could—their reserves of gold, whatever buildings were left standing, but it wasn’t enough.
So, they decided to just print more money. At first, the other countries didn’t notice. The population didn’t notice. But then they did. All of a sudden, Germans had a bunch of money. They had just survived the war and weren’t going on buying sprees, but there’s a point at which that balance tilts. They start realizing that they have enough money and they’re safe.
Or they start realizing that the government is printing money like crazy and their money is quickly losing value. Germans started spending their money and prices started going up fast
The Velocity of Money
If I have a hundred dollar bill in my pocket and keep it there, it’s basically taken out of circulation. If the government prints a trillion dollars, and everyone receives a $1400 stimulus check and everyone keeps it in their bank account, then nothing happens.
However, let’s say I take this $100 bill and spend it today at the grocery store, then the grocer spends it at the bakery, and so on. In the matter of a week, this $100 bill changes hands 20 times. Then it behaves like $2000 in the economy. As the velocity of money increases, it behaves as if it was more money than is in the market. That’s where the danger comes in. Once the velocity of money increases, the economy starts spiraling. Prices go up immediately.
During the 2008-2009 recession, there was a big bailout. Now, with Covid in 2020-2021, it’s going up again. Since the U.S. dollar was introduced, 30% of all the money that has ever been printed has been printed in the past 12-14 months (multiple trillions of dollars).
The big question mark of how much and how fast inflation increases: what are people going to do with the money from the government? If they start believing that the government is printing too much money, and the value of their money is going to decrease, and they spend all the money, we’ll go into an inflationary cycle. If they save the money for a rainy day, then we won’t see much inflation.
What the Rest of the World Thinks of Us
The U.S. dollar is still the number one reserve currency in the world. Ninety percent of all the reserves in the world that are not held with gold are held with the U.S. dollar. This will not change overnight. But, if the U.S. keeps printing money, soon these other governments will lose trust in the U.S. dollar and convert back to silver and gold. If they send U.S. dollars back, we’ll have hyper-inflation.
Definitely keep an eye on this, but I don’t see it happening any time soon. Our status in the eyes of other countries is safe for now.
What This Means for You
We don’t have to fear hyper-inflation, but is a 5%-10% inflation possible in the next 12-18 months? Absolutely.
How to protect yourself:
The outlook for land continues to be great, very bullish. People have money to spend, and they’ll buy land—for recreation or as an investment. This is good news for us in the land flipping business.
What’s Inside:
Mentioned in this episode:
Join the Land Profit Generator Community Facebook Group.
Join our next FREE 5-day Land Flipping Masterclass starting on May 10.
On today’s episode of the Forever Cash Podcast, I’m handing over the reins to David Van Ginhoven, a valuable member of our Land Profit Generator team. He’s passionate about helping those with no experience in real estate transform their lives using our powerful business model. And he does a great job of it.
How It All Started
Why does David love helping people with zero land flipping experience? Because he was in their shoes a few short years ago. He was driving a FedEx truck, making decent money, but he soon realized he wanted more from life. His first thought was real estate, until he realized what a saturated market Dallas was (65,000 registered realtors).
He didn’t give up though. He started researching the easiest, fastest, cheapest, safest way to make money in real estate. Of course he came up with LAND. Land is the primordial essence of real estate, he says. It’s literally the building blocks, the foundation. Thankfully, the foundation is the end product for us. It’s not complicated.
When he started, he had a lot of insecurities and fears. He was scared to talk to sellers. He felt like they would see him as an impostor because of his lack of experience. He says he knew immediately that, if he was going to commit to land flipping, he needed the right instructions and guidance and support. He didn’t want to rely on luck.
He discovered the Land Profit Generator Program and community, and it was exactly what he needed. And now he gets to work with us, being part of the solution for people who want to get out of the rat race.
That First Deal
David’s very first deal was a piece of land in Nevada that he bought for $2000. He calls it a desert square of nothing. Doing that deal gave him an exponential amount of energy and confidence. It validated that he could do this. “This is the system and the process, and it works,” he says, “and it’s even easier than I thought. It changed my life forever.”
The Land Profit Generator process is simple.
David believes that your commitment to that process determines your success. When he first got started, he says, “I watched as many YouTube videos and podcasts of Jack’s as I could.” Then he jumped right in, and when he made mistakes (like a mailer that completely flopped because the data for the county wasn’t up-to-date), he got back up and kept going.
Land Is Here to Stay
David quickly learned that land investing is here to stay. It’s not a gimmick or a trend. It’s a consistent model that will change your life forever.
People need land. The beautiful thing for us is that not everyone is using it. If someone owns a car, a truck, a boat, a house, and some land, and they need some money, they’re going to sell the land. If they’re not using the land, then selling it won’t change their lifestyle. People don’t want to change their lifestyle.
No two land flippers are exactly the same. David doesn’t like the steep competition that goes along with bigger deals (some people do). He likes low-priced deals and a lot of volume. Typically, he goes for $5k deals and sells them for $17k or $10k deals he sells for $30k. And he’s been very successful at it.
He also loves the passive income of land flipping. He’ll buy a piece of land for $1000 and sell it for $5000. He takes $1000 on deposit, and gets $200/month for the rest. That $200/month is pure cash flow. No more worrying about bills.
Join the LPG Facebook Community
David tells everyone he meets about the Land Profit Generator community on Facebook. “There are 16,000 people in there meeting each other and getting their questions answered,” he says. “It’s amazing. There is so much support waiting for you here. Just plug in. I love meeting people. I’m so curious about you and your story and how you got here and what your dreams are.”
He wants to answer your questions, calm your fears, and help you transform your life.
Thank you, David, for taking the time to share with us today.
What’s Inside:
Mentioned in this episode:
Join the Land Profit Generator Community Facebook Group.
Join our next FREE 5-day Land Flipping Masterclass starting on May 10.
This episode of the Forever Cash Podcast has nothing to do with land flipping and everything to do with land flipping. No matter what your business, core values are crucial to your company’s success.
Learn From Our Mistakes
In 2002, we started flipping land and took our company to 30 employees doing 80 land deals a month. Now we can do as many deals as we want, because we’ve outsourced everything. Back then, we were doing it all in-house.
What we did not have back then was a proper corporate culture. That led to a revolving door. People would come in, and they would basically work for the money. If they found someone else who’d pay them $5000 more a year, they’d leave.
There was no mission, no focus on team, no clarity as to what we stood for as a company. We had built an eight-figure business, but we were constantly hiring people, because they would come and go. What was happening? What could we do to fix this?
Thankfully, we got exposed to the concept of a proper corporate culture and the importance of being a core values-centric company. Core values aren’t just business ethics. There’s no such thing as “I’m ethical in my personal life, but in my business life, I screw people.” That’s not how it works. You either do good or you do bad. We don’t have a dual standard in our lives. We live an ethical life across the board.
Why Core Values?
Core values are values you embody as a person. You own your company, and so you drive the core values. These values have multiple purposes in your life and business. They:
You magnetize those who live according to your core values. Honest, stand-up people attract other honest, stand-up people.
Our Five Core Values
You can make your core values whatever you want. Here are ours:
#1: Take Bold Action
We’re empowered to make bold decisions, even if it means being wrong some of the time. We believe in self-initiative, resourcefulness, and creativity to produce top quality results and have a massive impact. I’d much rather have someone lean out the window, and I have to rein them in, than them not being brave and bold.
#2: Be Excellent
Yes, you can mess up. If the spirit of the action was trying to make the company better, you won’t get penalized. We’ll make adjustments, but you’ll get applauded for the attempt. We only give our best effort, and we’re committed to holistic growth. I do the best I can and always get better. We want our team continuously growing and taking on new challenges. If you just want to cruise through life and do the minimum, our company is not for you.
#3: Embody Integrity
We believe in honest, authentic, open relationships through communication in all interactions. We don’t talk behind people’s backs. Integrity really means doing the right thing, in particular when no one is watching. If you live by integrity, it’s simple. You promise, you do it.
#4: Be Transformational
Michelle and I made the commitment a long time ago that everything we touch will be transformational. Even our team members and students. If you work with us for years, and then leave to pursue other dreams, we want you to leave equipped to be a CEO immediately. We want to make real changes in people’s lives.
#5: Be All In
We’re not an 8-to-5 company. We don’t do anything half-assed. We go all out. We work hard and play hard, and one of our mottos is Whatever It Takes. The road is empty on the Extra Mile. That’s the road we want to take.
Your Core Values Are Everything
These core values will become your company’s DNA. It’s not just a piece of paper stuck on the wall. Go over it with your team once a month or quarter. The moment they get hired in our company, they have to sign it and commit to being on board.
These core values are something we LIVE every single day.
What’s Inside:
Mentioned in this episode:
In this episode of the Forever Cash Podcast, I share 5 characteristics of a person who has what it takes to win in land flipping. But, really, these characteristics are key to winning at anything in life.
#1 Have a Goal.
If you don’t know where you’re going, how will you know how to get there? Most people are just floating through life. They have a job they don’t like, but it makes “enough” and they “don’t hate it.” I call this “comfortable misery.” No goal of saving a million dollars in the bank. No goal of becoming executive vice president. They might say, “I want to change my life.” But, if you’re not specific about it, you’re going to fail.
Those who win in land investing have looked into our Land Profit Generator community, have seen other successful people with a lifestyle they want, and they’ve made specific goals:
#2: Know Yourself.
You wouldn’t believe how many people don’t truly know themselves. Do you know your strengths and weaknesses? Do you know your tendencies when it comes to your work ethic? If you have a bookshelf full of self-help books and courses, and you haven’t even cracked the cellophane on most of them, you don’t know yourself.
Are you an extremely disciplined person that, once you make a decision, you hold on like a bulldog and won’t let go? My daughter is like that. She comes home from school and doesn’t want to go out for ice cream until she’s finished her homework. She gets that from Michelle, who is very disciplined and responsible.
I have the tendency to start something, get sidetracked, start something, get sidetracked. If I want to be successful, I need to put myself in an environment that doesn’t allow me to fail.
#3: Create an Infrastructure of Support
We have these artificial constructs all around us that keep us in line when our natural tendencies lead us astray—like high school, college, a job. They keep us disciplined when we don’t want to be. If we go out on our own, we have to create artificial infrastructure to maintain our discipline so we don’t back out.
We do this for you in our coaching program. We provide a structured environment that helps you, protects you, and accelerates you, all while holding you accountable. We plug you into an ongoing support system to get the answers you need and help you stay on track. We teach you how to build a sustainable business and walk through life with your head held high.
#4: Know Your Why
Why do you want to move out of your current situation? Are you working 60 hours at a job you hate? Is there someone in your family who is in poverty, and you could break them out of that? Do you have big dreams for you and your partner and/or kids?
You need to put that “WHY” in front of you so that your urgency to make it happen is BIG. Then, if you get sick for a week, your kids get sick for a week, or some other big life obstacles get in your way, you’ll have the drive to get back up, get going, and start that momentum again.
#5: Be Consistent and Persistent.
Everyone wants to wake up wealthy tomorrow. They want that magic pill, that magic wand. But Rome was not built in a day. You’ve got to put effort in, step by step, day after day. Do something every single day, and do it consistently no matter what. Put the blinders on. Make the commitment. Get in line. Stay in line. Chip away. Get the right support system and just march.
If you can put 5-10 hours a week into this business on a consistent basis, and get the proper coaching, there’s no way in hell you’re not going to be successful.
What’s Inside:
Mentioned in this episode:
Join the Land Profit Generator Community Facebook Group.
In this episode of the Forever Cash Podcast, I sit down with Rana Vig who has been an entrepreneur for over 35 years. After losing a million dollar investment in the mining industry during the 2009 recession, he got into the cannabis industry. Now he believes mining is making a comeback, and he’s ready to invest in silver and gold again.
Forecasting a Hard Metals Supercycle
I asked Rana how he knows that hard metals are coming back, and he said because mining is cyclical. It’s been 10 years since the collapse, and a supercycle is coming. It’s time. A supercycle is a period of high demand that leads to a surge in prices. It’s followed by a collapse of demand (and eventually prices as well).
Rana says the world has never seen a crisis like we’re seeing today. The pandemic is causing chaos and further economic downturn. Then you’ve got riots and unrest in various countries. Governments all over the world are completely broke and trying to figure out how to keep the economy propped up. They’re printing unprecedented amounts of money. What does that do? It leads to inflation and devalues the currency.
Gold, on the other hand, likes instability. Gold is an established currency that the market falls back to, in order to account for insecurities. Every time there’s a big insecurity, gold prices spike. Gold is entering a supercycle. It’s already significantly up from last year, and Rana expects it to go much higher.
Real Estate Is Another Hard Asset That Becomes More Valuable
Precious metals and real estate are both hard assets, but gold and silver aren’t investments so much as something you keep to protect your wealth. As formidable investor Warren Buffett is famous for saying, “Gold won’t do much except sit there and look at you.” Ironically enough, Buffett invested in a major gold company for the first time recently and made headline news.
Real estate, on the other hand, is not only a long-term investment, it can bring in cash flow in addition to appreciation. Our land investors know this quite well. In the 70s, Rana’s father was an engineer making $40k a year. The first house he bought in Vancouver, British Columbia was $40k. Today that same engineer makes $85k, but that house is worth close to $1.5 million. Rana reminds us that it’s always recommended that about 10% of your portfolio should be in hard assets.
Our land investor students are always looking for ways to invest their money. They’re asking smart questions like:
Investing in Mining Companies
Rana recommends investing in gold and silver, yes, but also investing in actual mining companies as well. When these commodities get into a supercycle, for every small incremental rise in gold cost, the stock of that company multiplies. That’s when you get your biggest bang, your biggest leverage. Rana recently started a company called Blue Lagoon Resources. A research company just released a report saying they believe Blue Lagoon is 50% undervalued, making it a good time to invest.
We don’t know the company that well, so this is not an endorsement, but it’s educational, and I encourage you to check it out. I’m not qualified or licensed to give investment advice. My job is to open people’s minds to think differently, look at different asset classes, and invest accordingly.
It’s times like these when generational wealth is created. Times of great change always bring with them great opportunities. The one who shies away from the change is the one who will miss out on everything. The one who leans into the change and follows the change and figures out the change is the one who will be exponentially rewarded for it.
What’s Inside:
Mentioned in this episode:
In this episode of the Forever Cash Podcast, Jack shares the State of the Union in Real Estate, land investing in particular. He tells us what’s going on in the market right this minute and forecasts what things will look like in the coming months.
A Global Pandemic: One Year Later
It’s been a year since the U.S. shut down in response to the global outbreak of Covid-19. Immunization is proceeding slowly but surely. Leading experts say we’ll hit herd immunity in April or May 2021. This means:
We’ll get back to a halfway-normal economy, but we have a lot of catching up to do, especially in manufacturing. There will be a short-term boom in blue-collar work. Because of the stimulus money, increased unemployment money, the foreclosure moratorium, and another big stimulus on its way, there will be a floodgate of money coming into the market.
What’s In Store For the Housing Market
The pandemic has affected the real estate world greatly, and it will continue to have an impact. Let’s start with the housing market. People living in houses don’t own them free and clear. They have to make monthly mortgage payments. They can only make those payments if they have jobs. They only have jobs if the economy is open.
Interest rates are low and house prices are high. Some people are going to lose their houses. Others will be able to sell out of their delinquent situations and come out on top. A lot of people are going to refinance at those low interest rates and still be in good shape. The rental market is going to do well. People will sell their houses and rent temporarily before they buy again.
Land Investing Is ON FIRE
Land investing is on a continued trajectory for awesomeness. Land is still one of the last areas in the real estate market without much competition. People are moving out of cities and into the suburbs, and that trend will continue. This year has conditioned us to want space. People don’t want to live on the 27th floor of a highrise in New York City these days. They want land away from crowds and traffic.
Properties on the outskirts of town, recreational acreage for weekend escapes, will continue to be in high demand even as the economy opens back up. Why?
Land investing is hot right now. It’s on fire. The best time to get started in land investing was a few years ago. The second best time is NOW.
What’s Inside:
Mentioned in this episode:
Join the Land Profit Generator Community Facebook Group
Register HERE: www.landprofitmaster.com
In this episode of the Forever Cash Real Estate Investing Podcast, Jack hosts his wife and partner, Michelle Bosch, as she breaks down the five layers of leadership.
Do You Have What It Takes to Be a Leader?
If you’re reading this right now, you’re most likely a leader. Leaders are those who take control of their destiny, are committed to lifelong learning, and invest in personal growth.
What defines a leader?
Being a leader can be a lonely road. You might feel as though you are the first to explore a particular path, which can feel overwhelming at times. Feeling this way is normal and a good sign that you are on the path less travelled, which is the right place to be.
The Five Layers of Leadership
Leadership, like mastery, happens in phases. When you are growing your land investing business, you will progress through four stages: courage, commitment, competence and confidence. (Register for the upcoming Land Profit Masterclass to find out more about the four C’s of growth in your land flipping business: http://www.landprofitmaster.com).
As your thinking and approach to life shifts in response to your growing business, you will also progress in your journey as a leader.
Michelle identifies these stages as follows:
Learning to lead yourself
Leading your family
Leading your team
Leading a community
Leading a movement
If you’re just getting started on your journey as a leader, your first step is to lead yourself out of your limiting beliefs and mindsets. Like the mindset that says you’re trapped in a 9-to-5 job you hate. Once you master this all-important step, your circle of leadership grows exponentially. While challenging on many levels, it is an enriching journey of self-discovery that is well worth undertaking.
What’s Inside:
Mentioned in This Episode:
Join the Land Profit Generator Community Facebook Group
Selecting the right county records is incredibly important to the success of your direct mail campaign. We recommend targeting properties with a value of $5,000 - $200,000. However, each state has different laws governing the way counties assess this value. In this episode, I'll explain the difference between market value & assessed value and how you can keep this in mind when compiling your next mailing list.
This podcast was recorded as part of our Winning Wednesday live series. Every Wednesday at 10AM PST on the Land Profit Generator Real Estate Investing Facebook Group, I answer your questions and delve deep into real topics that affect land flipping business owners.
We love seller financing deals. They provide us with regular cash flow every single month and allow our students to pay off all their expenses incredibly quickly. However, if you are not careful, you might get stuck with a huge tax bill. In this episode, I discuss a tax loophole that will allow you to save a ton of money! Just remember to double-check everything I say with your CPA - I am not a lawyer.
Take your land business to the next level at our upcoming 3-day live event! From 19 - 21 February, I'll give you the step-by-step blueprint to the 5 proven ways I personally use to make money in real estate right now so you can make a fortune in today's market. Go to https://www.landflippinglive.com
This podcast was recorded as part of our Winning Wednesday live series. Every Wednesday at 10AM PST on the Land Profit Generator Real Estate Investing Facebook Group, I answer your questions and delve deep into real topics that affect land flipping business owners.
What's inside:
Subscribe and rate our podcast at: http://www.Jackbosch.com/
Follow Jack Bosch on Facebook to get the latest updates: http://www.facebook.com/jack.
Learn to flip land for pennies on the dollar: http://landprofitfun.com/
Land flipping does not have to cost you a ton of money! In this episode, I discuss how you can double-close on a land deal without using a title company. This means you can flip land without ever having to put any of your own money into the transaction! And, you can avoid title company fees in the process. You'll discover how and when to do your own double-closing on a land deal.
This podcast was recorded as part of our Winning Wednesday live series. Every Wednesday at 10AM PST on the Land Profit Generator Real Estate Investing Facebook Group, I answer your questions and delve deep into real topics that affect land flipping business owners.
What's inside:
Subscribe and rate our podcast at: http://www.Jackbosch.com/
Follow Jack Bosch on Facebook to get the latest updates: http://www.facebook.com/jack.
Learn to flip land for pennies on the dollar: http://landprofitfun.com/
When doing a low-value land deal, it's often worth it to self-close on the property. This is when you'll need to do your own title search without a title company. In this episode, I discuss how to do a title search, what to look for and how to deal with an open lien on the property.
This podcast was recorded as part of our Winning Wednesday live series. Every Wednesday at 10AM PST on the Land Profit Generator Real Estate Investing Facebook Group, I answer your questions and delve deep into real topics that affect land flipping business owners.
What's inside:
Subscribe and rate our podcast at: http://www.Jackbosch.com/
Follow Jack Bosch on Facebook to get the latest updates: http://www.facebook.com/jack.
Learn to flip land for pennies on the dollar: http://landprofitfun.com/
A common question that land buyers ask is "why don't you own the land you're selling?". In this episode, I'll explain how self-closing a land deal works and what to tell your buyer when they ask this question.
You'll also discover why 2021 will be the best year ever for land flipping! The pandemic has changed everyone's habits, which puts land investors in prime position to get deals done.
This podcast was recorded as part of our Winning Wednesday live series. Every Wednesday at 10AM PST on the Land Profit Generator Real Estate Investing Facebook Group, I answer your questions and delve deep into real topics that affect land flipping business owners.
What's inside:
Subscribe and rate our podcast at: http://www.Jackbosch.com/
Follow Jack Bosch on Facebook to get the latest updates: http://www.facebook.com/jack.
Learn to flip land for pennies on the dollar: http://landprofitfun.com/
Land is incredibly flexible and can be sold in many ways. In this episode, I discuss lease purchase agreements and how you can use them to sell your next property. We especially like using them to sell lower-priced land parcels since you can evict instead of foreclose (which is a lot cheaper and quicker to do). You'll discover the benefits of lease purchase agreements and clear up some common misconceptions that our students have.
Learn how to build your land flipping business into a highly successful cash machine in 2021. Register to attend our Land Flipping MasterClass, starting Jan 18. 👉 www.LANDPROFITMASTER.com
What's inside:
Subscribe and rate our podcast at: http://www.Jackbosch.com/
Follow Jack Bosch on Facebook to get the latest updates: http://www.facebook.com/jack.
Learn to flip land for pennies on the dollar: http://landprofitfun.com/
Determining the value of a piece of land can sometimes be tricky - however, we have figured out strategies that you can use!
In this episode, I discuss one of these methods - namely, using the value of houses in the surrounding area as a way to determine the value of land. I'll take a look at real-life examples from our land flipping students in order to show you exactly how you can value your own land parcels.
Learn how to build your land flipping business into a highly successful cash machine in 2021. Register to attend our Land Flipping MasterClass, starting Jan 18. 👉 www.LANDPROFITMASTER.com
What's inside:
Subscribe and rate our podcast at: http://www.Jackbosch.com/
Follow Jack Bosch on Facebook to get the latest updates: http://www.facebook.com/jack.
Learn to flip land for pennies on the dollar: http://landprofitfun.com/